Class III milk futures at the Chicago Mercantile Exchange were steady to higher, rebounding slightly from the recent steep losses. March was up $.17 at $16.27, April was $.15 higher at $16.16, May was up $.16 at $16.21, and June was $.01 higher at $16.36.
Cash cheese blocks were up $.0025 at $1.5475. The last uncovered offer was for one load at $1.55. Barrels were $.0375 at $1.525. There were 14 loads sold, including seven at $1.495 and three at $1.525.
Butter was up $.02 at $2.18. There were seven loads sold, including two at $2.18. The last unfilled bid was on two loads at $2.175. The last uncovered offer was for one load at $2.18.
Nonfat dry milk was $.0025 higher at $.825. There were two loads sold at $.825. The last unfilled bid was on two loads at $.825. The last uncovered offer was for one load at $.84.
The USDA’s dairy price index for January was up 94.0%, up 0.5% from December, but 1.9% below a year ago. The price received for all milk was $18.90 per hundredweight, up $.10 on the month and $2.80 on the year.
Source: Brownfield Ag News
